We have conducted several investigation on IGOFX together with few " IGOFX investors". We are here to conclude that IGOFX IS A SCAM/PONZI SCHEME that cheating investors with fake trading performance by run as a money game company.

IGOFX investors unable to view live trades through their MT4 account, the account given is only works as a wallet for monthly return payment. IGOFX is using fake web based report to cheat investors and leave them untraceable. They are showing manipulated trading performance through myfxbook to convince new investors. Those experienced traders should know that every GENUINE copy trades or managed accounts service will provide investors live MT4 account view only access through well licensed brokers.

WHY IGOFX IS A SCAM/PONZI SCHEME FX?

1. IGOFX Investors do not able to view live trades through MT4 platform.

2. IGOFX Investors MT4 account only works as a wallet.

3. Investors do not received daily confirmation nor monthly statements by email which usually consist of all trading activities.

4. Using Vanuatu license that only cost USD10k to obtain.

5. Fake web based report or money game style login portal.

6. Money game style local funding through self fix exchange rate.

GENIUNE FX COPY TRADES OR MANAGED ACCOUNTS COMMON PRACTISE

1. All investors are given individual MT4 account that able to view their trades live through read only access.

2. Received automated daily confirmation and monthly statement email that consist of all trading activities.

3. Open accounts with tier 1 or 2 licensed brokers.

4. Web based report are synced live with MT4 accounts.

5. No local deposit, sending deposit through TT to broker/bank. (Any local deposits only available through licensed payment gateway)

6. No fix exchange rate, follow bank daily exchange rate.

If you have invested IGOFX, our advise for you is withdraw all available balance. STAY AWAY FROM THIS SCAM AT ALL COST!

Happy Lunar New Year!

Vladislav probably someone inside igofx
IGOFX can manipulate Vladislav trading results and make him look profitable
Post his trading results at myfxbook to lure customers to open account with IGOFX
myfxbook is just a platform to display his "manipulated" trading

his growth around 15-20% average per month is doable. its not the best in market but its good.

Hi Zul, can tell me which local depositors u using.
I plan to deposit some.Thanks

to be safe, use local depositor (IB) or local e-currency / e-wallet exchanger (Neteller, Skrill, Perfect Money)

This thread is very interesting. Thanks for sharing.

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Sorry for tumpang post.

After major loss on their trades with a broker, they have switch their business model to non transparency money game type of ROI.

TP EAGLES current FX broker is a Belize licensed broker. 

Please share more information about this scam. Many forumers would love to stay alert on any potential scams. Thank you.

They seems like trading with FXCM.

Master DrFX, Did you heard about this broker Vibhs. Regulated under UK FCA. My friend invited me to invest return about 10 to 15% monthly (7/3 basis） any comments. Thanks

forex expert

  may i know below broker is legit?
http://www.forex4you.com/en/
As they offering copytrade........because i got introduced by my friend
But i scared it is scam

Thanks

DrFX, can you recommend some of the better options? Not broker but PAMM managers with the reputable brokers.

Thank you.

Sorry , I mean the RoyalFX australia https://www.rfxt.com.au/ regulated by ASIC.

Hi all FX experts,

For PAMM accts, both fund manager and investors put in a lot of money so the fund manager has enough capital to earn for everyone.

What I don't get it is for those copy-trade system, the fund managers only has a few hundreds to a few thounsands as capital with no fund from investors.  It makes no sense to me for these fund managers who seems to have a super high rate of winning, would want to trade such small amount.

Is my understanding wrong ?

Actually it is not delay trades.... Hehe...

It is self created trades. I have proof but i wont show it publicly.

Guys please beware of Valan... he's a con artist trying to con people into investing with him.

Plenty of copy trades offering live MT4 accounts? I asked and none was given. Can someone list down some of these good genuine ones to save us the troubles. Much appreciated.